Core Scientific, Inc. - CORZQ STOCK NEWS

Core Scientific's CEO to present at H.C. Wainwright Global Investment Conference

Core Scientific, a leader in blockchain computing data centers, released production and operations updates for August 2023. The company operated approximately 206,000 bitcoin miners and produced 965 self-mined bitcoin and an estimated 403 bitcoin from colocated miners. They reduced power consumption and contributed over 32,000 megawatt hours to support grid partners. The company aims to emerge from Chapter 11 reorganization in Q4.

Core Scientific appoints Adam Sullivan as Chief Executive Officer. Sullivan's contributions as President have strengthened the organization and enhanced its operational excellence. Core Scientific operates approximately 211,000 bitcoin miners with a total potential hash rate of 22.2 exahashes per second. Self-mining operations produced 1,030 bitcoin in June and 7,768 bitcoin in the first half of the year.

Core Scientific, a leader in blockchain computing data centers, announced production and operations updates for April 2023. The company operated approximately 195,000 bitcoin miners and produced 1,126 self-mined bitcoin and 442 bitcoin for colocation customers.

Ault Alliance, Inc. has expanded its collaboration with Core Scientific, increasing its Bitcoin mining capacity. The amended agreement allows the company’s subsidiary, BitNile, Inc., to operate 10,000 S19j Pro miners at Core Scientific’s facilities starting May 1, 2023. This expansion will enable Ault Alliance to operate a total of approximately 19,100 miners, generating a hash rate of 2.1 Exahash per second.

With current Bitcoin prices around $28,400 and mining difficulty at 48.71 trillion, Ault Alliance estimates that annualized revenue could approach $60 million. The company emphasizes that this estimate is contingent on various market factors, including Bitcoin prices and mining difficulty fluctuations.